Barclays blocks Chelsea bank account

The choice would depend on the time it takes for the bank to review the license granted to the club to continue soccer-related activities

by Lorenzo Ciotti
Barclays blocks Chelsea bank account

As reported by Sky Sport News, Chelsea's bank account has been temporarily suspended by the Barclays bank, main sponsor of the English Premier League, following the British government's choice to freeze Roman Abramovich's assets after the Russian invasion of Ukraine.

The choice would depend on the time it takes for the bank to review the license granted to the club to continue soccer-related activities. Chelsea's corporate credit cards have also been suspended. Abramovich had been sanctioned with an asset freeze, a ban on transactions with UK individuals and businesses, travel bans and transport penalties.
The British government is considering modifying some of the restrictions imposed so that Chelsea can continue their football activities.

In the next few days, the offer of the British real estate entrepreneur Nick Candy for the purchase of the club is expected. The 49-year-old billionaire and Chelsea fan is working with a number of US-based investors to compose a consortium offer for the Stamford Bridge club.

Roman Abramovic leaves Chelsea due to Ukrainian war

In the summer of 2003 Roman Abramovic bought Chelsea Football Club for £ 60 million; since then, thanks to enormous investments of money to sign players and coaches, the London club has started a new era of success, winning the Premier League in the 2004-2005 season, exactly 50 years after the last national title won, and then repeating itself in the following year.

On 19 May 2012 Chelsea won the first Champions League in their history, thanks to the victory against Bayern Munich on penalties. He managed to repeat himself in 2021, winning 1-0 against Manchester City with a goal from Kai Havertz.

In total, under his management, Chelsea have won 22 official trophies. Since the summer of 2008 it seems to have lost a large part of its capital on the stock exchange following the great financial crisis, on the previous estimated twenty-three and a half billion dollars, there is talk of a loss of even twenty.

Because of this, many people thought that the Russian billionaire intended to sell Chelsea to some prominent personalities of the United Arab Emirates, similar to what happened months before at Manchester City: however, the patron's denial immediately arrived, who I also filed a complaint against the authors of the article published in the English newspaper.

On February 24, 2022, due to the war between Russia and Ukraine, his account in the coffers of the English club was blocked. Given the impossibility of adequately carrying out his functions within the company, the following day he is forced to sell him to the charity foundation of the same London club.

Now Abramovich has announced his decision to leave the management of Chelsea, English Premier League clubs of the homonymous London borough, holder of the UEFA Champions League and the FIFA Club World Cup. The decision stems from the political instability generated by the invasion of Vladimir Putin, president of Russia, in Ukraine and the possible consequences on Russian properties in Europe.

British Labor MP Chris Bryant called for severe penalties to be imposed on the patron of the Blues as well. In a note, Abramovic said: "During my nearly 20 years of ownership of Chelsea FC, I have always considered my role as the club's keeper, whose job is to ensure the greatest success we can have today, as well as build for the future.

and at the same time play a positive role in our communities. I have always made decisions with the interest of the Club at heart. I remain true to these values. That is why today I am entrusting the Chelsea Charitable Foundation trustees with the management and care of Chelsea FC.

I believe they are currently in the best position to look after the interests of the club, the players, the staff and the fans. "